Answer:
The correct answer is: unemployment and inflation are negatively related. In the long run they are largely unrelated problems.
Explanation:
According to the Philips curve, in the short run, inflation and unemployment rate are inversely related. This implies that when inflation decreases, the unemployment rate increases.
This is indicated by the downward-sloping Phillips curve. When the government adopts a contractionary policy to reduce inflation, unemployment will increase.
In the long run, the Phillips Curve will be a vertical line at the natural rate of unemployment. The inflation rate is not related to the unemployment rate in the long run.
Answer:
456 Gallons
Explanation:
The Optimal order quantity can be found using the following formula:
Economic Order Quantity = Sqrt (2* Annual Demand * Ordering cost per order / Holding cost per unit per year)
EOQ= SquareRoot (2 * 50000 Gallons * $150 per order/ 0.48 Holding costs)
Economic Order Quantity = 456 Gallons
Answer:
The correct answer is D) The process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem.
Explanation:
The definition of marketing research is process of gathering, analyzing and interpreting information about a market, about a product or service to be offered for sale in that market, and about the past, present and potential customers for the product or service; research into the characteristics, spending habits, location and needs of your business's target market, the industry as a whole, and the particular competitors you face
Answer:
$28,600
Explanation:
Both sales and variable cost are dependent on the number of units sold.
The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.
As such, the net operating income/loss is the difference between the sales and the total costs.
The company's net operating income (loss)
= $42,300 + $94,700 - $108,400
= $28,600
Answer:
Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.
